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LOANS (Tables)
 12 Months Ended
Dec. 31, 2024
Receivables [Abstract]  
Schedule of Composition of Loan Portfolio
The composition of the loan portfolio as of December 31, 2024 and December 31, 2023, is summarized below:
($ in thousands)December 31, 2024December 31, 2023
Loans held for sale
Mortgage loans held for sale$3,687 $2,914 
Total LHFS$3,687 $2,914 
  
Loans held for investment  
Commercial, financial, and agriculture (1)$740,193 $800,324 
Commercial real estate3,323,681 3,059,155 
Consumer real estate1,298,973 1,252,795 
Consumer installment44,384 57,768 
Total loans5,407,231 5,170,042 
Less allowance for credit losses (56,205)(54,032)
Net LHFI$5,351,026 $5,116,010 
______________________________________
(1)Loan balance includes $87 thousand and $386 thousand in PPP loans as of December 31, 2024 and 2023, respectively.
Schedule of Company's Loans that are Past Due and Nonaccrual Loans Including PCD Loans
The following tables presents the aging of the amortized cost basis in past due loans in addition to those loans classified as nonaccrual including PCD loans:
December 31, 2024
($ in thousands)Past Due
30 to 89
Days		Past Due 90
Days or More
and
Still Accruing		NonaccrualPCDTotal
Past Due,
Nonaccrual
and PCD		Total
LHFI		Nonaccrual
and PCD
with No
ACL
Commercial, financial, and agriculture (1)$498 $— $2,515 $208 $3,221 $740,193 $120 
Commercial real estate2,249 — 9,093 345 11,687 3,323,681 3,698 
Consumer real estate5,941 1,641 5,575 2,498 15,655 1,298,973 1,254 
Consumer installment212 — 104 — 316 44,384 7 
Total$8,900 $1,641 $17,287 $3,051 $30,879 $5,407,231 $5,079 
______________________________________
(1)Total loan balance includes $87 thousand in PPP loans as of December 31, 2024.
December 31, 2023
($ in thousands)Past Due
30 to 89
Days		Past Due 90
Days or More
and
Still Accruing		NonaccrualPCDTotal
Past Due,
Nonaccrual
and PCD		Total
LHFI		Nonaccrual
and PCD
with No
ACL
Commercial, financial, and agriculture (1)$2,043 $313 $353 $965 $3,674 $800,324 $465 
Commercial real estate1,698 630 3,790 647 6,765 3,059,155 410 
Consumer real estate3,992 220 1,806 3,098 9,116 1,252,795 680 
Consumer installment180 — 31 — 211 57,768 — 
Total$7,913 $1,163 $5,980 $4,710 $19,766 $5,170,042 $1,555 
______________________________________
(1)Total loan balance includes $386 thousand in PPP loans as of December 31, 2023.
The following table presents the performance of such loans that have been modified in the last 12 months as of December 31, 2024. There were no modified loans that were past due as of December 31, 2023.
($ in thousands)
December 31, 202430-59 Days Past Due60-89 Days Past DueGreater Than 89 Days Past DueTotal Past Due
Commercial, financial and agriculture$40 $— 100$140 
Commercial real estate2,453 — 719 3,172 
Total$2,493 $— 819$3,312 
Summary of Carrying Amount of Loans Acquired in Business Combination
The following table shows the carrying amount of loans acquired in the BBI and HSBI acquisition transaction for which there was, at the date of acquisition, more than insignificant deterioration of credit quality since origination:
($ in thousands)BBIHSBI
Purchase price of loans at acquisition$27,669 $52,356 
Allowance for credit losses at acquisition1,303 3,176 
Non-credit discount (premium) at acquisition530 2,325 
Par value of acquired loans at acquisition$29,502 $57,857 
Schedule of Loan Modifications The percentage of the amortized cost basis of loans that were modified to borrowers in financial distress as compared to the amortized cost basis of each class of financing receivable is also presented below:
($ in thousands)
December 31, 2024Payment ModificationTerm ExtensionPayment DelayCombination Term Extension and Payment ModificationPercentage of Total Loans Held for Investment
Commercial, financial, and agriculture$— $100 $40 5380.09 %
Commercial real estate— 3,172 — — 0.10 %
Consumer real estate778 — — — 0.06 %
Total$778 $3,272 $40 5380.09 %
December 31, 2023Term ExtensionPercentage of Total Loans Held for Investment
Commercial real estate$581 0.02 %
Total$581 0.02 %
The following table details the financial effect of the loan modification presented above to borrowers experiencing financial difficulty for the periods presented:
December 31, 2024Payment ModificationTerm ExtensionPayment DelayCombination Term Extension and Payment Modification
Commercial, financial, and agriculture
One loan with maturity date extension of 90 days.
One loan with payment deferred for 90 days.
One loan with maturity date extension of 36 months, and re-amortization of 180 months.
Commercial real estate
Two loans with maturity date extension of 90 days.
Consumer real estate
Two loans were converted from principal and interest to interest only for 6 months.
Schedule of Collateral Dependent Loans Evaluated by Class
The following table presents the amortized cost basis of collateral dependent individually evaluated loans by class of loans as of December 31, 2024 and 2023:
($ in thousands)
December 31, 2024Real PropertyEquipmentMiscellaneousTotal
Commercial financial, and agriculture$— $335 $759 $1,094 
Commercial real estate3,697 — — 3,697 
Consumer real estate2,412 — — 2,412 
Consumer installment— — 7 7 
Total$6,109 $335 $766 $7,210 
Collateral Value$10,863 $— $812 
December 31, 2023Real PropertyEquipmentMiscellaneousTotal
Commercial financial, and agriculture$— $496 $918 $1,414 
Commercial real estate710 — — 710 
Consumer real estate778 — — 778 
Total$1,488 $496 $918 $2,902 
Collateral Value$3,675 $237 $1,293 
Schedule of Amortized Cost Basis of Loans by Credit Quality Indicator and Class of Loans Based on the Most Recent Analysis Performed and Risk Category of Loans by Class of Loans
The tables below present the amortized cost basis of loans by credit quality indicator and class of loans based on the most recent analysis performed at year ends December 31, 2024 and 2023. Revolving loans converted to term as of year ended December 31, 2024 and 2023 were not material to the total loan portfolio.
($ in thousands)Term Loans Amortized Cost Basis by Origination Year
As of December 31, 2024
20242023202220212020PriorRevolving
Loans		Total
Commercial, financial and agriculture:
Risk Rating
Pass$103,910 $80,584 $104,382 $81,209 $30,397 $74,472 $249,088 $724,042 
Special mention— 302 31 850 2,232 839 513 4,767 
Substandard1,536 1,645 497 625 601 1,682 4,798 11,384 
Doubtful— — — — — — — — 
Total commercial, financial and agriculture$105,446 $82,531 $104,910 $82,684 $33,230 $76,993 $254,399 $740,193 
Current period gross write offs$10 $103 $337 $312 $14 $397 $— $1,173 
Commercial real estate:        
Risk Rating
Pass$511,293 $400,874 $804,242 $497,248 $331,632 $691,589 $2,946 $3,239,824 
Special mention2,221 191 950 10,283 2,835 15,246 — 31,726 
Substandard580 1,291 13,079 4,754 1,493 30,934 — 52,131 
Doubtful— — — — — — — — 
Total commercial real estate$514,094 $402,356 $818,271 $512,285 $335,960 $737,769 $2,946 $3,323,681 
Current period gross write offs$— $70 $— $20 $— $71 $— $161 
Consumer real estate:        
Risk Rating
Pass$181,376 $139,557 $302,890 $192,508 $114,554 $183,973 $160,289 $1,275,147 
Special mention98 530 634 484 — 1,012 717 3,475 
Substandard610 1,566 3,019 1,356 2,281 9,110 2,409 20,351 
Doubtful— — — — — — — — 
Total consumer real estate$182,084 $141,653 $306,543 $194,348 $116,835 $194,095 $163,415 $1,298,973 
Current period gross write offs$— $11 $358 $— $— $153 $— $522 
Consumer installment:
Risk Rating
Pass$13,871 $10,725 $6,239 $4,360 $1,340 $1,315 $6,358 $44,208 
Special mention— — — — — — — — 
Substandard— 56 82 7 19 — 12 176 
Doubtful— — — — — — — — 
Total consumer installment$13,871 $10,781 $6,321 $4,367 $1,359 $1,315 $6,370 $44,384 
Current period gross write offs$274 $361 $212 $118 $77 $953 $43 $2,038 
Total
Pass$810,450 $631,740 $1,217,753 $775,325 $477,923 $951,349 $418,681 $5,283,221 
Special mention2,319 1,023 1,615 11,617 5,067 17,097 1,230 39,968 
Substandard2,726 4,558 16,677 6,742 4,394 41,726 7,219 84,042 
Doubtful— — — — — — — — 
Total$815,495 $637,321 $1,236,045 $793,684 $487,384 $1,010,172 $427,130 $5,407,231 
Current period gross write offs$284 $545 $907 $450 $91 $1,574 $43 $3,894 
($ in thousands)Term Loans Amortized Cost Basis by Origination Year
As of December 31, 2023
20232022202120202019PriorRevolving
Loans		Total
Commercial, financial and agriculture:
Risk Rating
Pass$102,263 $150,420 $113,487 $47,313 $36,065 $64,020 $281,646 $795,214 
Special mention— — — 141 797 3 10 951 
Substandard451 330 121 185 550 1,894 628 4,159 
Doubtful— — — — — — — — 
Total commercial, financial and agriculture$102,714 $150,750 $113,608 $47,639 $37,412 $65,917 $282,284 $800,324 
Current period gross write offs14 51 225 139 206 110 — 745 
Commercial real estate:        
Risk Rating
Pass$385,954 $825,505 $558,742 $377,085 $253,746 $569,428 $6,397 $2,976,857 
Special mention— 660 6,118 3,111 9,545 22,648 — 42,082 
Substandard136 7,293 393 566 5,427 26,401 — 40,216 
Doubtful— — — — — — — — 
Total commercial real estate$386,090 $833,458 $565,253 $380,762 $268,718 $618,477 $6,397 $3,059,155 
Current period gross write offs— — 193 — — 57 — 250 
Consumer real estate:        
Risk Rating
Pass$176,144 $334,056 $219,071 $127,539 $59,615 $163,464 $153,821 $1,233,710 
Special mention— 1,081 — — 643 3,246 412 5,382 
Substandard502 404 511 1,559 514 6,988 3,225 13,703 
Doubtful— — — — — — — — 
Total consumer real estate$176,646 $335,541 $219,582 $129,098 $60,772 $173,698 $157,458 $1,252,795 
Current period gross write offs5 19 — — — 25 — 49 
Consumer installment:
Risk Rating
Pass$24,482 $12,408 $7,316 $2,919 $1,213 $1,195 $8,156 $57,689 
Special mention— — — — — — — — 
Substandard— 8 17 42 11 — 1 79 
Doubtful— — — — — — — — 
Total consumer installment$24,482 $12,416 $7,333 $2,961 $1,224 $1,195 $8,157 $57,768 
Current period gross write offs226 567 223 179 156 576 121 2,048 
Total
Pass$688,843 $1,322,389 $898,616 $554,856 $350,639 $798,107 $450,020 $5,063,470 
Special mention— 1,741 6,118 3,252 10,985 25,897 422 48,415 
Substandard1,089 8,035 1,042 2,352 6,502 35,283 3,854 58,157 
Doubtful— — — — — — — — 
Total $689,932 $1,332,165 $905,776 $560,460 $368,126 $859,287 $454,296 $5,170,042 
Current period gross write offs$245 $637 $641 $318 $362 $768 $121 $3,092 
Financing Receivable, Allowance for Credit Loss
The following table presents the activity in the allowance for credit losses by portfolio segment for the years ended December 31, 2024, 2023, and 2022.
December 31, 2024
($ in thousands)Commercial,
Financial and
Agriculture		Commercial
Real Estate		Consumer
Real Estate		Consumer
Installment		Total
Allowance for credit losses:
Beginning balance$8,844 $29,125 $15,260 $803 $54,032 
Provision for credit losses3,213 (173)53 665 3,758 
Loans charged-off(1,173)(161)(522)(2,038)(3,894)
Recoveries319 676 85 1,229 2,309 
Total ending allowance balance$11,203 $29,467 $14,876 $659 $56,205 
December 31, 2023
($ in thousands)Commercial,
Financial and
Agriculture		Commercial
Real Estate		Consumer
Real Estate		Consumer
Installment		Total
Allowance for credit losses:    
Beginning balance$6,349 $20,389 $11,599 $580 $38,917 
Initial allowance on PCD loans727 2,260 182 7 3,176 
Provision for credit losses2,164 6,610 3,279 1,697 13,750 
Loans charged-off(745)(250)(49)(2,048)(3,092)
Recoveries349 116 249 567 1,281 
Total ending allowance balance$8,844 $29,125 $15,260 $803 $54,032 
December 31, 2022
($ in thousands)Commercial,
Financial and
Agriculture		Commercial
Real Estate		Consumer
Real Estate		Consumer
Installment		Total
Allowance for credit losses:
Beginning balance$4,873 $17,552 $7,889 $428 $30,742 
Initial allowance on PCD loans614 576 113 — 1,303 
Provision for credit losses688 1,742 2,786 134 5,350 
Loans charged-off(259)(72)(204)(683)(1,218)
Recoveries433 591 1,015 701 2,740 
Total ending allowance balance$6,349 $20,389 $11,599 $580 $38,917 
The following table provides the ending balance in the Company’s LHFI and the ACL, broken down by portfolio segment as of December 31, 2024 and 2023. The table also provides additional detail as to the amount of our loans and allowance that correspond to individual versus collective impairment evaluation.
($ in thousands)Commercial,
Financial and
Agriculture		Commercial
Real Estate		Consumer
Real Estate		Consumer
Installment		Total
December 31, 2024
LHFI
Individually evaluated$1,094 $3,697 $2,412 $7 $7,210 
Collectively evaluated739,099 3,319,984 1,296,561 44,377 5,400,021 
Total$740,193 $3,323,681 $1,298,973 $44,384 $5,407,231 
Allowance for Credit Losses     
Individually evaluated$543 $— $52 $— $595 
Collectively evaluated10,660 29,467 14,824 659 55,610 
Total$11,203 $29,467 $14,876 $659 $56,205 
($ in thousands)Commercial,
Financial and
Agriculture		Commercial
Real Estate		Consumer
Real Estate		Consumer
Installment		Total
December 31, 2023
LHFI
Individually evaluated$1,414 $710 $778 $— $2,902 
Collectively evaluated798,910 3,058,445 1,252,017 57,768 5,167,140 
Total$800,324 $3,059,155 $1,252,795 $57,768 $5,170,042 
Allowance for Credit Losses     
Individually evaluated$408 $— $— $— $408 
Collectively evaluated8,436 29,125 15,260 803 53,624 
Total$8,844 $29,125 $15,260 $803 $54,032